Quote:
Originally Posted by Bladewire
The stock market tanked today
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It went down 2%.
Quote:
Originally Posted by Bladewire
Ford announced 24,000 layoffs yesterday due to losing $1 Billion from Trump's steel tarriffs.
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It will take some time for American steel output to get going again. There will be some short term pain as a sacrifice for long term gains.
And I'm not convinced those 24k jobs are from the tariffs. Ford hasn't done a good job of predicting what the market wants. They shifted to fuel economic cars during the recession and now that we are coming out of it about the only thing dealers are selling is gas guzzlers again. So now Ford can't manufacture trucks and SUVs fast enough to meet buyer's demand.